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Search Results 0 to 8 of about 9 (some duplicates have been removed)
Nov 8, 2012 6:30pm EST
economy is slowing. if you could come up with one word to describe your life in this village, what would it be? >> "hard" says farmer jin dengshan. he, his wife, and three young children live in rural henan province on $800 a year they earn selling mushrooms. they were part of the 128 million chinese who subsist on less than $1.25 a day. "i resent rich people" he said. "it's so unfair." his neighbor, upon it jin xinzhen, said he's too poor to get married. "we are like 1,000 miles away from the rich. we couldn't catch up if we had a rocket," he said. when they instituted capitalist reforms, china's leaders said to get rich is glorious. today, hu jintao warned of social unrest if new leaders fail to narrow the income gap. bill whitaker, cbs news, beijing. gillette u.s. navy seals are part of an elite force that operates in the the shad shadows, best known for killing osama bin laden. but our pentagon correspondent david martin has learned a group of seals is being disciplined for revealing secrets. >> reporter: the seven members of seal team 6 are all still on active duty. one of them was
Nov 14, 2012 5:30pm PST
raising their tax rates. >> we are not going to hurt our economy and make job creation more difficult which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't be enough to cut the deficit. he'll have that argument face to face with wayne or friday. one of the most frequent criticisms we've heard over the past few years from members on both sides if you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach your relationships with congress in the second term? >> look, i think there's no doubt that i can always do better. and i don't exempt myself from needing to do some self- reflection, and see if i can improve our working relationship. there are going to be times where there are fights, and i think those are fights that need to be had. >> reporter: the president warned today that if the two sides don't strike a deal, it could hurt the holiday shopping season and dampen holiday hiring, scott, as people prepare for the possibility that their tax rates will go up on january 1
Nov 9, 2012 5:30pm PST
higher tax rates would slow down the economy and our ability to create jobs." but, scott, there is also some wiggle room here because boehner has put new tax revenues on the table. so i asked the speaker today: what is the difference between rates and revenues? and he explained republicans might raise revenues by cutting tax deductions. could you give us an idea, any more examples of where you're les g with that? because if tax rates are not on e,e table, are you talking about going after deductions? >> it's clear that there are a lot of special interest loopholes in the tax code-- both corporate and personal. it's also clear that there are all kinds of deductions, some of which makes sense, others don't. >> reporter: two of the biggest deductions in the tax code are the mortgage interest tax deduction and the health insurance that workers get from rs tr employers tax free. what boehner is suggesting was proposed by mitt romney in the campaign. essentially raising taxes on the rich by limiting what they take off their taxes. the president has dismissed this approach before because
Nov 7, 2012 5:30pm PST
business leader who could create jobs and fix the economy. but when we asked who'd do a better job of handling the economy, romney ended up with only about a one-point advantage here, 49% to 48%. so the president effectively neutralized the economy issue which had been thought to be so dangerous for him. scott? >> pelley: anthony, thanks very much. as nancy cordes was just telling us, we're about seven weeks from those automatic tax increases and budget cuts that are due to kick in automatically. congress design the so-called fiscal cliff to be so painful that it would force a compromise between the white house and capitol hill. but the voters have returned the same politicians wh politicianst reach a deal last time. here's wyatt andrews. >> just weeks away from now loom it is so-called fiscal cliff. >> reporter: under pressure from the fiscal cliff, house speaker john boehner started a public negotiation with the president. saying republicans would accept an increase in tax revenues if they're tied to tax and entitlement reform. day one after the election and the speaker said it was
Nov 15, 2012 5:30pm PST
chine's economy is slowing down and trade tensions with the u.s. are going up. do you think his time here will make him a better leader? "he suffered great hardship. she must have learned from that." xi jinping says whenever he encounters trouble he thinks back to his days here. and nothing seems too difficult. bill whitaker, cbs news, shaanxi province, china. >> pelley: an american company rises from the ashs, a story with a ring to it. next. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhal
Search Results 0 to 8 of about 9 (some duplicates have been removed)